re: #121 Targetpractice

OT: A new competitor for the daily Captain Obvious award:

Experts Say Attack On Iran Could Mean $6 Per Gallon Gasoline

Experts say a lot of things.

“The key of course would be the Iranian response,” said Guy Caruso, a senior adviser with the nonpartisan Center for Strategic and International Studies.

Caruso said the “most likely” scenario is an attack against Israel by Hezbollah from bases in Lebanon, which he estimates would have “relatively little” impact on oil prices, perhaps $5-$10 per barrel.

Sabotage against oil facilities in Iraq or Saudi Arabia is a lower probability but would have a bigger effect, said Caruso, who headed the independent federal Energy Information Administration during the George W. Bush administration.

Caruso estimated that such sabotage would send crude oil prices up by $10-$20 per barrel, with a corresponding increase in gasoline prices of 25-50 cents per gallon in the short term.